XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 661,925 $ 478,480
Money market investments:    
Time deposits with other financial institutions 300 300
Other short-term investments 939 1,725
Total money market investments 1,239 2,025
Available-for-sale debt securities, at fair value:    
Securities pledged with creditors' rights to repledge 0 81,103
Other available-for-sale debt securities 5,229,984 5,518,417
Total available-for-sale debt securities, at fair value (amortized cost of $5,863,294 as of December 31, 2023, and $6,398,197 as of December 31, 2022; allowance for credit losses (ACL) of $511 as of December 31, 2023 and $458 as of December 31, 2022) 5,229,984 5,599,520
Held-to-maturity debt securities, at amortized cost, net of ACL of $2,197 as of December 31, 2023 and $8,286 as of December 31, 2022 (fair value of $346,132 as of December 31, 2023 and $427,115 as of December 31, 2022) 351,981 429,251
Equity securities 49,675 55,289
Total investment securities 5,631,640 6,084,060
Loans, net of ACL of $261,843 as of December 31, 2023 and $260,464 as of December 31, 2022 11,923,640 11,292,361
Mortgage loans held for sale, at lower of cost or market 7,368 12,306
Total loans, net 11,931,008 11,304,667
Accrued interest receivable on loans and investments 77,716 69,730
Premises and equipment, net 142,016 142,935
Other real estate owned ("OREO") 32,669 31,641
Deferred tax asset, net 150,127 155,584
Goodwill 38,611 38,611
Other intangible assets 13,383 21,118
Other assets 229,215 305,633
Total assets 18,909,549 18,634,484
LIABILITIES    
Non-interest-bearing deposits 5,404,121 6,112,884
Interest-bearing deposits 11,151,864 10,030,583
Total deposits 16,555,985 16,143,467
Short-term securities sold under agreements to repurchase 0 75,133
Advances from the Federal Home Loan Bank ("FHLB") 500,000 675,000
Other long-term borrowings 161,700 183,762
Accounts payable and other liabilities 194,255 231,582
Total liabilities 17,411,940 17,308,944
Commitments and contingencies (See Note 29)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 169,302,812 shares outstanding as of December 31, 2023 and 182,709,059 as of December 31, 2022 22,366 22,366
Additional paid-in capital 965,707 970,722
Retained earnings, includes legal surplus reserve of $199,576 as of December 31, 2023 and $168,484 as of December 31, 2022 1,846,112 1,644,209
Treasury stock (at cost), 54,360,304 shares as of December 31, 2023 and 40,954,057 shares as of December 31, 2022 (697,406) (506,979)
Accumulated other comprehensive loss, net of tax of $8,581 as of December 31, 2023 and $8,468 as of December 31, 2022 (639,170) (804,778)
Total stockholders' equity 1,497,609 1,325,540
Total liabilities and stockholders' equity 18,909,549 18,634,484
Short-term Debt [Member]    
LIABILITIES    
Short-term securities sold under agreements to repurchase 0 75,133
Advances from the Federal Home Loan Bank ("FHLB") 0 475,000
Long-term Debt [Member]    
LIABILITIES    
Advances from the Federal Home Loan Bank ("FHLB") $ 500,000 $ 200,000